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The interest tax shield has no value for a firm when: A. the firms debt-equity ratio is exactly .5. B. the firm is unlevered. C.

The interest tax shield has no value for a firm when: A. the firms debt-equity ratio is exactly .5. B. the firm is unlevered. C. the firms debt-equity ratio is exactly equal to 1. D. shareholders fully utilize homemade leverage.

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